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13-345
102.
Crosswhite Corporation's sales last year were $1,270,000, its gross margin was $400,000,
its net operating income was $53,769, and its net income was $26,500. The company's net
profit margin percentage is closest to:
13-346
103.
Mars Corporation has provided the following data for Year 2:
Sales
$1,330,000
Gross margin
$500,000
Net operating income
$79,692
Net income before taxes
$63,692
Net income
$41,400
The company's total stockholders' equity at the end of Year 2 amounted to $1,095,000
and at the end of Year 1 to $1,060,000. The company's return on equity for Year 2 is
closest to:
13-347
104.
Sapien Corporation has provided the following data for the most recent year:
Sales
$1,340,000
Gross margin
$460,000
Net operating income
$54,846
Net income before taxes
$41,846
Net income
$27,200
The company's gross margin percentage is closest to:
13-348
105.
Mormino Corporation's income statement appears below:
Income Statement
Sales (all on account)
$1,240,000
Cost of goods sold
730,000
Gross margin
510,000
Operating expenses
450,462
Net operating income
59,538
Interest expense
18,000
Net income before taxes
41,538
Income taxes (35%)
14,538
Net income
$27,000
The company's gross margin percentage is closest to:
13-349
106.
Jester Corporation's most recent income statement appears below:
Sales (all on account)
$610,000
Cost of goods sold
340,000
Gross margin
270,000
Selling and administrative expense
160,000
Net operating income
110,000
Interest expense
20,000
Net income before taxes
90,000
Income taxes (30%)
27,000
Net income
$63,000
The beginning balance of total assets was $360,000 and the ending balance was
$320,000. The return on total assets is closest to:
13-350
107.
For Year 2, Etzkorn Corporation's sales were $1,480,000, its gross margin was $580,000,
its net operating income was $63,714, its net income before taxes was $42,714, and its net
income was $29,900. The company's total stockholders' equity at the end of Year 2
amounted to $829,000 and at the end of Year 1 to $800,000. The company's return on
equity for Year 2 is closest to:
108.
Kienle Corporation's Year 2 income statement appears below:
Income Statement
Sales
$1,280,000
Cost of goods sold
800,000
Gross margin
480,000
Operating expenses
419,857
Net operating income
60,143
Interest expense
12,000
Net income before taxes
48,143
Income taxes (30%)
14,443
Net income
$33,700
The company's total assets at the end of Year 2 amounted to $1,359,000 and at the end of
Year 1 to $1,320,000. The company's return on total assets for Year 2 is closest to:
13-352
109.
Valdovinos Corporation has provided the following data:
Sales (all on account)
$1,150,000
Gross margin
$440,000
Net operating income
$40,077
Net income before taxes
$23,077
Net income
$15,000
The company's net profit margin percentage is closest to:
13-353
110.
Braverman Corporation's net income last year was $75,000 and its interest expense was
$10,000. Total assets at the beginning of the year were $650,000 and total assets at the
end of the year were $610,000. The corporation's income tax rate was 30%. The
corporation's return on total assets for the year was closest to:
13-354
111.
Grosvenor Corporation's most recent income statement appears below:
Sales (all on account)
$807,000
Cost of goods sold
446,000
Gross margin
361,000
Selling and administrative expense
186,000
Net operating income
175,000
Interest expense
39,000
Net income before taxes
136,000
Income taxes
40,000
Net income
$96,000
The gross margin percentage is closest to:
112.
Fongeallaz Corporation's income statement for Year 2 appears below:
Income Statement
Sales (all on account)
$1,360,000
Cost of goods sold
870,000
Gross margin
490,000
Operating expenses
416,286
Net operating income
73,714
Interest expense
18,000
Net income before taxes
55,714
Income taxes (35%)
16,714
Net income
$39,000
The company's total stockholders' equity at the end of Year 2 amounted to $841,000 and
at the end of Year 1 to $810,000. The company's return on equity for Year 2 is closest to:
13-356
113.
Weightman Corporation's net operating income in Year 2 was $76,385, net income before
taxes was $55,385, and the net income was $36,000. Total common stock was $200,000 at
the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The
company's total stockholders' equity at the end of Year 2 amounted to $983,000 and at the
end of Year 1 to $950,000. The market price per share at the end of Year 2 was $7.92. The
company's price-earnings ratio for Year 2 is closest to:
114.
The following information relates to Conejo Corporation for last year:
Book value per share
$40
Par value per share
$12
Dividends per share
$5
Dividend payout ratio
20%
Dividend yield ratio
10%
What is Conejo's price-earnings ratio for last year?
115.
Goldsmith Corporation has provided the following data:
Year 2
Year 1
Common
stock, $3 par
value
$270,000
$270,000
Retained
earnings
$419,000
$400,000
Total
stockholders'
equity
$749,000
$730,000
Total liabilities
& stockholders'
equity
$1,291,000
$1,270,000
The company's net income in Year 2 was $24,400. The company's book value per share at
the end of Year 2 is closest to:
13-359
116.
Linzey Corporation has provided the following data:
Year 2
Year 1
Common stock, $2
par value
$120,000
$120,000
Retained earnings
$747,000
$720,000
Total stockholders'
equity
$927,000
$900,000
The company's net income in Year 2 was $33,000. The company's book value per share at
the end of Year 2 is closest to:
117.
Tempel Corporation has provided the following data:
Year 2
Year 1
Common stock, $4
par value
$240,000
$240,000
Total stockholders'
equity
$817,000
$810,000
Net operating
income
$36,714
Net income before
taxes
$17,714
Net income
$12,400
The market price of common stock at the end of Year 2 was $2.77 per share. The
company's price-earnings ratio for Year 2 is closest to:
118.
Keyton Corporation's net operating income in Year 2 was $43,714, net income before taxes
was $30,714, and the net income was $21,500. Total common stock was $200,000 at the
end of both Year 2 and Year 1. The par value of common stock is $4 per share. The
company's total stockholders' equity at the end of Year 2 amounted to $1,148,000 and at
the end of Year 1 to $1,130,000. The company declared and paid $3,500 dividends on
common stock in Year 2. The market price per share was $8.43 at the end of Year 2. The
company's dividend payout ratio for Year 2 is closest to:
13-362
119.
Rawdon Corporation's net operating income in Year 2 was $52,429, net income before
taxes was $34,429, and the net income was $24,100. Total common stock was $360,000 at
the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The
company's total stockholders' equity at the end of Year 2 amounted to $976,000 and at the
end of Year 1 to $960,000. The company's earnings per share for Year 2 is closest to:
120.
Leflore Corporation has provided the following data:
Year 2
Year 1
Common
stock, $5 par
value
$500,000
$500,000
Total
stockholders'
equity
$1,016,000
$1,010,000
Net operating
income
$35,143
Net income
before taxes
$17,143
Net income
$12,000
Dividends on common stock during Year 2 totaled $6,000. The market price of common
stock at the end of Year 2 was $1.38 per share. The company's dividend yield ratio for
Year 2 is closest to:
13-364
121.
Cameron Corporation had 50,000 shares of common stock issued and outstanding that it
originally issued for $40 per share. The following information pertains to these shares:
Book value at end of current year
$70
Market value, beginning of current year
$85
Market value, end of current year
$90
The total dividend on common stock for the year was $400,000. Cameron Corporation's
dividend yield ratio for the year was:
